Business

JUST IN: Minister of Aviation, Festus Keyamo Reacts to alleged safety violations by Airpeace

Published

2 years ago

May 22, 2024

497 Views

Hon. Minister of Aviation and Aerospace Development, Festus Keyamo has reacted to the Alleged safety violations by Airpeace Alat Gatwick Airport, United Kingdom

His statement reads:

My attention has been drawn to recent media publications citing some issues allegedly relating to possible safety violations at the Gatwick Airport by Airpeace Airlines raised by Safety inspectors of the United Kingdom Civil Aviation Authority. We want to re-iterate that Airpeace Airlines is the Nigerian flag carrier designated on the London route and as such enjoys the full backing and support of the Nigerian Government in its operation of that route.

I have been adequately and reliably briefed on the progress made thus far on this issue by the Acting Director General of the Nigerian Civil Aviation Authority (NCAA). I am informed that the safety issues raised had since been adequately addressed by the Management of Air Peace and promptly closed to the satisfaction of the UK authorities.

I wish to state categorically that the Federal Government has full confidence in the continued safety of the operations of all Nigerian flag carriers designated on different international routes, including Air Peace and will continue to support and nudge them forward in pursuit of world class operational excellence.

For the avoidance of doubt, the Federal Government of Nigeria has put its full weight and might behind all the local airlines designated on international routes in their endeavours in prosecuting these operations and shall provide all the necessary assistance and cooperation to ensure their success. Air Peace is no exception in this regard.

Related Topics:Airpeace Featured Festus Keyamo

Up Next

BREAKING: Kano state house of assembly dissolve five newly created emirate councils

Don't Miss

SUSPENDED CHIEFS – Palace rejects Obaseki’s peace Move

Click to comment

Business

Naira Exchange Rates Thursday, 5 Nov 2026

Published

2 days ago

November 5, 2026

OCHEFA

133 Views

BLACK/ PARALLEL MARKET RATES

₦1400DOLLAR (USD)

₦1830POUND (GBP)

₦1515 EURO (EUR)

₦950 CANADIAN DOLLAR (CAD)

₦70 SOUTH AFRICAN RAND (ZAR)

₦350 UAE DIRHAM (AED

₦190 Chinese YUAN (CNY)

₦100 Ghanaian CEDI (GHS)

West African CFA ₦2240 (XOF)

Central African CFA ₦2180 (XAF)

₦820 Australian Dollar AUSSIE (AUD)

Business

NNPCL wants to sell 10% equity via IPO on NGX, LSE

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

Published

3 days ago

November 4, 2026

OCHEFA

172 Views

The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.

The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.

The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.

Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.

The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.

Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.